Short Interest in Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) Rises By 575.0%

Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 8,100 shares, an increase of 575.0% from the October 31st total of 1,200 shares. Based on an average trading volume of 28,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Thunder Bridge Capital Partners IV

Several institutional investors and hedge funds have recently added to or reduced their stakes in THCP. Clear Street LLC increased its holdings in Thunder Bridge Capital Partners IV by 40.3% in the 2nd quarter. Clear Street LLC now owns 101,027 shares of the company’s stock worth $1,070,000 after acquiring an additional 29,007 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Thunder Bridge Capital Partners IV in the 3rd quarter worth $95,000. Finally, Virtu Financial LLC increased its holdings in Thunder Bridge Capital Partners IV by 438.7% in the 3rd quarter. Virtu Financial LLC now owns 74,282 shares of the company’s stock worth $782,000 after acquiring an additional 60,494 shares in the last quarter. Hedge funds and other institutional investors own 33.22% of the company’s stock.

Thunder Bridge Capital Partners IV Price Performance

NASDAQ THCP traded down $0.21 on Wednesday, hitting $11.14. The company had a trading volume of 3,830 shares, compared to its average volume of 28,809. The company’s fifty day moving average price is $10.67 and its 200-day moving average price is $10.59. Thunder Bridge Capital Partners IV has a 12-month low of $10.21 and a 12-month high of $11.68.

Thunder Bridge Capital Partners IV Company Profile

Thunder Bridge Capital Partners IV Inc does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Great Falls, Virginia.